The Latin America, Middle East and Africa Virtualized Evolved Packet Core (vEPC) Market expects to witness market growth of 50.5% CAGR during the forecast period (2017-2023).

The telecom operators have challenges such as upgrading legacy systems to address the changing demand of the end-users, intense competition, higher cost of OpEx and CapEx, and lower RoI; therefore, the operators are working on identifying more scalable and cost-effective solutions. The aforementioned factors would drive the adoption of vEPC by the telecom operators.